Evry

EVRY A/S was a Norwegian information technology company that supplies services relating to computing, including operation, outsourcing, and online banking. The company is headquartered in Oslo. It was established through a merger between EDB Business Partner and ErgoGroup in 2010 and has 10,000 employees at 135 offices in 16 countries.

EVRY A/S
TypeLimited company
IndustryInformation technology
Predecessor
FoundedOslo, Norway (October 2010 (2010-10))
Defunct5 December 2019 
Headquarters
Oslo
,
Norway
Number of locations
50 offices
Area served
Worldwide
Key people
Services
Revenue
  • NOK12.9 billion (2015)
  • NOK12.9 billion (2015)
  • NOK811 million (2015)
  • NOK811 million (2015)
300,000,000 Norwegian krone (2016) 
Number of employees
10,000 (2014)
Websitewww.evry.com
Footnotes / references
Financials[1]

Key people[2] [3]

Services[4]

In June 2019, Tieto paid EUR 1.2 Bn for the acquisition of EVRY.[5] The new company is be named TietoEVRY, has over 24.000 employees and generate a projected revenue of over EUR 3 Bn for the fiscal year 2020.[6]

History

EDB ErgoGroup ASA was formed in 2010 with the merger of EDB Business Partner and ErgoGroup.[7] Telenor owned most of the shares of ErgoGroup. The company subsequently changed its name to EVRY ASA in April 2012.[8]

In August 2014, EVRY announced that it was initiating a process to investigate strategic opportunities. This was motivated by their assessment of the IT sector in the Nordic countries.[9] In March 2015 Apax Partners became the majority owner of the company, a new board was appointed and it decided to apply for a de-listing from the stock exchange.[10] On 29 October 2015, the company was delisted from the Oslo Stock Exchange.[11]

In August 2015, following the loss of a contract with Norwegian bank DNB, EVRY announced it would lay off 500–550 workers in Norway and Sweden to increase profits, saving NOK 400–500 million (about US$50–60 million).[12] In October 2015 it announced the transfer of a further 600 employees to IBM in an outsourcing deal worth US$1 billion.[13][14]

EVRY had a total workforce of 9,400 in 2016.

On 13 December 2018, Handelsbanken and EVRY entered into an agreement for the delivery of next-generation core banking and payment services in Finland. The agreement represents a total contract value of approximately NOK 650 million and runs for a period of eight years.

EVRY India
EVRY India Pvt. Ltd.
TypeSubsidiary
IndustryComputer applications and IT services
PredecessorSpan Infotech
FoundedBangalore, India 1993 (1993)
Defunct5 December 2019 
Headquarters
Bangalore
,
India
Area served
Worldwide
Key people
Rajnish Mohan (CEO and Managing Director)
ProductsIT products and services
Revenue12,200,000,000 Norwegian krone (2016) 
300,000,000 Norwegian krone (2016) 
Number of employees
8,500 (2016) 
ParentEVRY A/S
Websitewww.evry.in

EVRY acquired Span Infotech, an Indian IT company, which was renamed EVRY India to be coherent with its parent company.[15] EVRY India is a software services company headquartered in Bangalore and Chandigarh and a provider of IT and software product development services to customers based in America and Europe region, operating in banking and financial services, insurance, healthcare, retail and logistics industries.[16]

In 2016 EVRY announced it would double the manpower at its Indian subsidiary, then at 600 in Mohali and 1,500 in Bengaluru, over three years, investing INR 1–1.25 billion.[17][18]

In December 2017 the company opened a new branch in Bangalore, at Global Village Tech Park.

References
  1. "Share - EVRY". Evry ASA. Archived from the original on 2014-07-16. Retrieved 2014-08-09.
  2. "Per Hove is appointed new CEO of EVRY". NTB info. 19 November 2018. Retrieved 2018-12-18.
  3. "BRIEF-Evry elects Jo Lunder as chairman". Reuters. 24 March 2015. Retrieved 2015-03-26.
  4. "Services - EVRY". Evry ASA. Retrieved 2014-08-09.
  5. "EVRY acquired by Tieto".
  6. "Tieto scoops up Evry in $1.5 billion deal to create Nordic digital consultancy".
  7. "Future organisational structure for EDB ErgoGroup". ErgoGroup. 7 September 2010. Archived from the original on 2012-03-11. Retrieved 2010-11-02.
  8. "EDB ErgoGroup ASA - Minutes of the Annual General Meeting". 23 April 2012. Retrieved 2015-03-30.
  9. "EVRY considers strategic opportunities". EVRY ASA. Archived from the original on 2014-11-30. Retrieved 2014-11-21.
  10. "EVRY: Minutes from the general meeting" (PDF). 23 March 2015. p. 2. Retrieved 2015-03-30.
  11. "Our history". Evry AS. Retrieved 2015-11-05.
  12. "IT firm Evry to cut up to 550 jobs in Norway and Sweden". Economic Times. 17 August 2015.
  13. "IBM Inks $1B, 10-Year Cloud Deal With EVRY". eWEEK. Retrieved 2017-09-29.
  14. Nikel, David (6 October 2015). "Hundreds of EVRY staff in the Nordics to move to IBM in billion-dollar IT outsourcing deal". ComputerWeekly.com. Retrieved 2017-09-29.
  15. "SPAN Infotech accelerating growth with new brand and visual identity". Evry ASA. 15 June 2016. Archived from the original on 20 August 2016. Retrieved 2016-08-27.
  16. "IT Services: Company Overview of SPAN Infotech". Bloomberg Business. Bloomberg L.P. Retrieved 2015-07-30.
  17. Roy, Vijay C (15 June 2016). "EVRY India to hire 600 at Mohali unit". The Tribune.
  18. Ganesh, Venkatesh (17 June 2016). "Evry to double headcount". Business Line. Retrieved 2016-08-27.
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